You are an american importer buying from England The transaction size is 210,000 Pounds due...
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You are an american importer buying from England The transaction size is 210,000 Pounds due in a months. futures contracts come in 62,500 L increments. How misch would you eventually pay for the goods if you hedged with futures given the following data. All numbers are $/L. Note if you pay lool, the answer is 100, not - 100. Now spot 1.284 futures 1.306 1.299 2 months from now 1.348 1.354 1.356
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